X0201 4/A 2003-09-05 2003-09-09 0 0000949240 WORLD AIRWAYS INC /DE/ WLDA 0001242166 COWAN JOEL H HLH BUILDINGQ 101 WORLD DRIVE PEACHTREE CITY GA 30269 1 0 0 0 Common Stock 2003-09-05 4 S 0 10000.0000 3.2700 D 74070.0000 I H & C Trading On a Form 4 filed on August 22, 2003, the reporting person mistakingly reported a disposition of shares of common stock that did not in fact occur, which then was reflected in the total number of shares reported on the Form 4 filed on September 9, 2003. The total number of shares beneficially owned by the reporting person following the transaction reported was 74,070 rather than the amount reported in the original Form 4. In previous reports, the ownership with respect to these shares was mistakenly reported as direct. Joel H. Cowan By: /s/ Cindy M. Swinson as Attorney-in-fact 2004-03-19